Press release
Major Force in the Multimode-Fiber Cable Market 2025: Evolving Connectivity Demands Fuelling Growth In The Multimode-Fiber Cable Market
Multimode-Fiber Cable Market Size
In recent years, the market size for multimode-fiber cables has experienced a downfall. The market value will see a drop, moving from "$11.67 billion in 2024 to $11.34 billion in 2025, resulting in a compound annual growth rate (CAGR) of -2.8%. This downtrend during the historical period is mostly because of heightened competition, economic recessions, and industrial preference changes.
The market size for multimode-fiber cables is anticipated to witness consistent growth over the coming years, escalating to $12.98 billion by 2029 at a CAGR of 3.4%. The predicted surge during this period is due to 5G and IoT networks, smart buildings, edge computing, high-definition content, and video streaming, along with private 5G networks. Notable trends expected during this forecast period are high-speed transceivers, optical fiber MPO/MTP connectors, OM5 multimode fiber, data center interconnectivity, and multimode fiber for 400G and beyond.
What Key Elements Are Boosting Growth in the Multimode-Fiber Cable Market?
The multimode-fiber cable market is poised for growth, fueled by the escalating demand for more bandwidth and quicker connections. The rising necessity for high bandwidth by both organizations and individuals, triggered by increased internet usage for activities such as video conferencing, gaming, e-commerce, and social networking, is noticeable. Fiber optic cables, which utilize light to convey data, offer the potential to speed up internet connections capable of managing increased bandwidth, unlike their electrical counterparts. For instance, 4K Ultra High Definition (UHD) TVs used in residences devour approximately 15-18 Mbps of data, triple the amount used by regular HD TVs. Estimates predict that roughly 62% of connected flat panel TVs will operate on 4K by 2022, further fueling the demand for higher bandwidth and more video consumption. This upswing in the need for quicker connections and more bandwidth effectively propels the multimode-fiber cable market's expansion.
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Who Are the Major Industry Players Fueling Multimode-Fiber Cable Market Expansion?
Major companies operating in the multimode-fiber cable market include Corning Incorporated, TE Connectivity Ltd., CommScope Inc., 3M Company, Fujikura Ltd., Amphenol Corporation, Molex LLC, Prysmian Group, OFS Furukawa, Belden Inc., Sumitomo Electric Industries Ltd., HUBER+SUHNER AG, Nexans S.A., LS Cable & System Ltd., Aptiv PLC, Yangtze Optical Fibre and Cable Joint Stock Limited Company, HTGD (Hengtong Group Dalian Hengtong Optic-Electric Co. Ltd.), Radiall, AFL (AFL Telecommunications), Furukawa Electric Co. Ltd., Optical Cable Corporation, Berk-Tek (a Nexans company), Leviton Manufacturing Co. Inc., Panduit Corporation, Superior Essex Inc., Yangtze Optical Fibre and Cable Joint Stock Limited Company (Futong), Tongding, FiberHome Technologies Group, General Cable Technologies Corporation, Kaile Science & Technology Co. Ltd., Hengtong Group Co. Ltd., Infinera Corporation, Hindustan Cables Limited, Leoni AG, Panduit Corporation, Siemon Company, Sterlite Technologies Limited, Superior Essex Inc., Thorlabs Inc., Timbercon Inc., Transition Networks Inc., VIAVI Solutions Inc.
Which Key Developments Are Influencing the Multimode-Fiber Cable Market?
The growth of the multimode fiber cable market is largely driven by the key trend of technological evolution in the fiber optic cable. Wavelength division multiplexing (WDM), a recent enhancement in fiber cabling, involves the multiplexing of multiple optical carrier signals through a lone fiber optic channel by altering the wavelengths of laser light. This system facilitates bidirectional communication in fiber cables and enables the fusion of light signals from diverse optical fibers through a single fiber with the assistance of a coupler at WDM's input. The market for WDMs in Asia-Pacific region is predicted to experience the most rapid growth, with multiple firms in China, like ZG Technology and Optic Network Technology, standing as pioneers in the manufacturing and supply of WDMs.
How Is the Segmentation of the Multimode-Fiber Cable Market Defined?
The multimode-fiber cable market covered in this report is segmented -
1) By Product Type: Step Index Fiber, Gradient Type
2) By Cable Type: Single-mode Cable, Multi-mode Cable
3) By Material Type: Plastics Optical Fiber, Glass Optical Fiber
4) By Application: IT And Telecom, Government, Energy, Automotive, Industries, Other Applications
Subsegments:
1) By Step Index Fiber: Non-Coated Step Index Fiber, Coated Step Index Fiber
2) By Gradient Type: Graded Index Fiber, Step Index with Graded Index Fiber
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What Is the Leading Region in the Multimode-Fiber Cable Market?
Asia-Pacific was the largest region in the multimode-fiber cable market in 2023. North America was the second-largest region in the multimode-fiber cable market. The regions covered in the multimode-fiber cable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Multimode-Fiber Cable Global Market Report?
- Market Size Analysis: Analyze the Multimode-Fiber Cable Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Multimode-Fiber Cable Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Multimode-Fiber Cable Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Multimode-Fiber Cable Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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